Tesla Model S Misses IIHS Top Safety Pick Designation

Tesla Model S Misses IIHS Top Safety Pick Designation

The Tesla Model S narrowly missed the top safety designation from the Insurance Institute for Highway Safety (IIHS) by earning an “acceptable” rating in the small overlap front crash test. The vehicle earned “good” ratings on the other four tests, but did not qualify for a Top Safety Pick designation. The IIHS tests vehicles in five separate crash scenarios. Achieving a “good” rating in all five would enable the car […]

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Shell to Sell $3.8 Billion of UK North Sea Assets

Shell to Sell $3.8 Billion of UK North Sea Assets

Royal Dutch Shell said Tuesday it has agreed to sell a package of U.K. North Sea assets to Chrysaor for up to $3.8 billion and a Thai gas field for $900 million. The North Sea assets consist of the company’s interest in Buzzard, Beryl, Bressay, Elgin-Franklin, J-Block, the Greater Armada cluster, Everest, Lomond and Erskine, and a 10% stake in Schiehallion. The assets represent production of about 115,000 barrels of […]

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Himax Technologies Down More Than 6%

Himax Technologies Down More Than 6%

Himax Technologies is down more than 6% after Baird downgraded the shares to neutral from outperform and cut its price target to $4 from $10. Baird reportedly said “China panel makers are expected to start adopting gate-in-panel technology this year, which would reduce driver IC content. Himax’s in-cell touch design has been delayed, while OLED ramp at China-based panel makers is not expected until 2019.” Last week, the company said […]

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Mallinckrodt Completes Sale of Nuclear Imaging Business

Mallinckrodt Completes Sale of Nuclear Imaging Business

Mallinckrodt said Friday that it has closed the sale of its global Nuclear Imaging business to IBA Molecular for approximately $690 million before tax, including up-front and contingent considerations and the assumption of long-term obligations. Mallinckrodt’s Nuclear Imaging operations encompass two manufacturing facilities and a total of more than 800 employees in locations across the globe, including nearly 350 in the St. Louis, Mo. area. The entire workforce and the […]

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American River Shares Gain as Q4 EPS Tops Views

American River Shares Gain as Q4 EPS Tops Views

American River Bankshares shares rose 5% in morning trading on Thursday after the bank holding company reported higher-than-expected Q4 profit, resumed its quarterly dividend and unveiled a 5% stock buyback program. EPS increased to $0.29 in the December quarter, from $0.20 a year earlier. That topped the $0.21 average estimate of three analysts surveyed by Capital IQ. Q4 net interest income increased 0.3% to $5.1 million, while non-interest income increased […]

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